Group to be split into UK and outsourcing divisions
Finnair partner Flybe says it will cut around 300 jobs in the UK as part of a restructuring plan to return the group to profitability, with some jobs to be outsourced. The figure represents 10% of its UK-based workforce, although no route changes have been announced. Flybe says the plan will deliver €42 million in savings by 2014-15.
The restructuring plan will reduce the group to two divisions – Flybe UK and Flybe Outsourcing Solutions – with the latter focused on the contract flying market, which it believes is a growing area.
“I am disappointed that many valued and hard-working colleagues may have to leave the organisation,” Jim French, Flybe’s chairman and chief executive, said. “It’s a decision the board and I have not taken lightly. It’s one we have tried to avoid and it is the first time in almost 30 years of business that we have had to take such action.”
[pictured: Flybe Bombardier Q400; courtesy Flybe]